Projected Income Statement: KB Home

Forecast Balance Sheet: KB Home

Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 1,394 1,510 963 1,094 1,464 1,418 1,488 1,549
Change - 8.32% -36.23% 13.6% 33.82% -3.17% 4.94% 4.1%
Announcement Date 1/12/22 1/11/23 1/10/24 1/13/25 12/18/25 - - -
1USD in Million
Estimates

Cash Flow Forecast: KB Home

Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 39.4 45.23 35.47 39.31 48.4 45.61 40.3 46
Change - 14.81% -21.59% 10.84% 23.12% -5.76% -11.65% 14.14%
Free Cash Flow (FCF) 1 -76.7 138.2 1,047 323.4 287.3 686.6 103.3 -
Change - 280.17% 657.85% -69.12% -11.17% 139% -84.95% -100%
Announcement Date 1/12/22 1/11/23 1/10/24 1/13/25 12/18/25 - - -
1USD in Million
Estimates

Forecast Financial Ratios: KB Home

Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 14.97% 17.76% 14.05% 13.8% 10.85% 7.91% 8.98% 10.52%
EBIT Margin (%) 11.55% 15.03% 11.21% 11.02% 8.13% 4.54% 5.47% 5.41%
EBT Margin (%) 12.15% 15.53% 12.03% 12.28% 8.89% 5.25% 6.3% 7.24%
Net margin (%) 9.86% 11.83% 9.21% 9.45% 6.88% 4.02% 4.82% 5.83%
FCF margin (%) -1.34% 2% 16.34% 4.67% 4.61% 13.42% 1.87% -
FCF / Net Income (%) -13.58% 16.92% 177.44% 49.37% 67% 334.2% 38.76% -

Profitability

        
ROA 10.09% 17.2% 8.87% 9.64% 6.3% 3% 4% -
ROE 19.87% 24.45% 15.8% 16.64% 10.77% 5.36% 7.14% 9.85%

Financial Health

        
Leverage (Debt/EBITDA) 1.63x 1.23x 1.07x 1.14x 2.16x 3.5x 2.99x 2.54x
Debt / Free cash flow -18.18x 10.93x 0.92x 3.38x 5.1x 2.06x 14.41x -

Capital Intensity

        
CAPEX / Current Assets (%) 0.69% 0.66% 0.55% 0.57% 0.78% 0.89% 0.73% 0.79%
CAPEX / EBITDA (%) 4.6% 3.69% 3.94% 4.11% 7.15% 11.27% 8.11% 7.56%
CAPEX / FCF (%) -51.37% 32.73% 3.39% 12.16% 16.85% 6.64% 39.01% -

Items per share

        
Cash flow per share 1 -0.3985 2.053 12.99 4.713 4.847 7.232 3.233 -
Change - 615.14% 532.54% -63.7% 2.84% 49.2% -55.29% -
Dividend per Share 1 0.6 0.6 0.7 0.95 1 0.96 0.996 1.087
Change - 0% 16.67% 35.71% 5.26% -4% 3.75% 9.1%
Book Value Per Share 1 34.23 42 50.22 56.27 61.75 63.63 68.55 76.7
Change - 22.7% 19.57% 12.05% 9.74% 3.05% 7.73% 11.89%
EPS 1 6.01 9.09 7.03 8.45 6.15 3.333 4.619 6.481
Change - 51.25% -22.66% 20.2% -27.22% -45.81% 38.6% 40.31%
Nbr of stocks (in thousands) 87,478 85,584 79,319 73,334 64,765 61,300 61,300 61,300
Announcement Date 1/12/22 1/11/23 1/10/24 1/13/25 12/18/25 - - -
1USD
Estimates
2026 *2027 *
P/E 18.4x 13.2x
PBR 0.96x 0.89x
EV / Sales 1.01x 0.95x
Yield 1.57% 1.63%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
15
Last Close Price
61.16USD
Average target price
58.25USD
Spread / Average Target
-4.76%

Quarterly revenue - Rate of surprise